A meaningful upswing as suggested by both bearish and bullish counts in the 135pm update in SPX and INDU. See chart 1 and chart 2. However, the small(er) caps are also notably lagging the senior indexes.
[135pm] SPX/INDU update -
From a bearish perspective, we now have a five-down in SPX from its nominal high and an LD in INDU and ES from their nominal high. See red counts.
A bullish perspective would count an ABC from the orthodox highs, tracking a small degree fourth wave. See green counts.
[11am] SPX update -
[850am] ES update -
